BEIJING // China last week announced it was establishing the first clearing bank for yuan or renminbi (RMB) in the United States.

This is seen as a milestone in the internationalisation of the Chinese currency just before the yuan is due to join a select club at the IMF on October 1.

From October 1, the yuan will be one of the five currencies used by the IMF for issuing Special Drawing Rights (SDR). SDR is a synthetic currency representing five currencies in the IMF basket, which is used for lending funds to countries that need it.

Around that time, the New York branch of Bank of China will start clearing facilities for the Chinese currency. ...

Money-market reforms set to make borrowing more costly[Reuters]September 22, 2016

By Shankar Ramakrishnan

NEW YORK, Sept 22 (IFR) - Money-market fund reforms that come into effect next month will further hike short-term bank borrowing costs, which have already risen sharply in recent months.

But analysts say financial institutions generally have done little to tweak how they fund their operations, preferring to wait and see how the October 14 changes shake up the market.

"Everybody seems to have resigned themselves to a possibility that they may have to pay slightly higher rates," said a senior money market analyst who asked not to be named. ... More

I just got a call from the place I"ve purchased gold in the past. They mentioned the Chinese yuan and a limit on money market withdrawals as a reason to buy gold (of course, they would call anything a reason to buy gold, I realize that!).

Is this a reason to buy gold?I just got a call from the place I"ve purchased gold in the past. They mentioned the Chinese yuan and a limit on money market withdrawals as a reason to buy gold (of course, they would call anything a reason to buy gold, I realize that!).

I hope they are right. I have some silver that I'm hoping will increase in value before I die...lol.

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Romans 5:8 "But God demonstrates his own love for us in this: While we were still sinners, Christ died for us."

To me, unless you have a large amount of FRN's that you wouldn't want to lose value in some big crash, I'd buy silver. If it does hit the fan, there might be enough of a local economy that there may be some money exchange instead of straight barter. There's property taxes to think of too.

Futures down huge last night when it became apparent that Trump was going to win. Today's market up almost 200 points at 11:30 CST- bios bounced back in relief that Hitlery won't destroy their business. Will it hold? I took some profit on a BMY swing trade yesterday. Would have made quite a bit more if I held- but happy to make $500.00.

I'm not sure what to make of the market activity as a whole this morning. I do have some targeted thoughts:

1. Look at healthcare as an industry. The signal that Obamacare will end will ultimately be good for the entire industry. I'd pay close attention to insurers.

2. Watch out for companies that rely heavily on foreign manufacturing, like car companies. The long-term prospect of moving jobs back onshore should mean increased labor costs. A trade war, with increased tariffs on goods like cars, might be a real problem, too.

3. I still think there is enough uncertainty to make metals and mining a viable investment. Especially if the globalists use a Trump presidency to finally "resolve" the sovereign debt crisis, which I suspect they may.

4. My initial reaction says to invest in defense stocks, but I would actually be cautious here when I really put thought into it. The defense industry makings billions on weapon programs that never fully materialize. If Trump really is a smart negotiator, he'll start putting performance clauses into these contracts.

5. Energy has to be a win now, right? Run from alternate energy like it's a fast zombie coming to eat your brain. Those subsidies should dry up.

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How to lose credibility while posting:1. Trump is never wrong.2. Default to the most puerile emoticon you can find. This is especially useful when you can't win an argument on merits.3. Be falsely ingratiating, completely but politely dismissive without talking to the points, and bring up Hillary whenever the conversation is really about conservatism.4. When all else fails, remember rule #1 and #2. Emoticons are like the poor man's tweet!

Futures down huge last night when it became apparent that Trump was going to win. Today's market up almost 200 points at 11:30 CST- bios bounced back in relief that Hitlery won't destroy their business. Will it hold? I took some profit on a BMY swing trade yesterday. Would have made quite a bit more if I held- but happy to make $500.00.

One additional note - today's activity broke the technical concerns for significant downside - at least for now. The indicators now point to upside.

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How to lose credibility while posting:1. Trump is never wrong.2. Default to the most puerile emoticon you can find. This is especially useful when you can't win an argument on merits.3. Be falsely ingratiating, completely but politely dismissive without talking to the points, and bring up Hillary whenever the conversation is really about conservatism.4. When all else fails, remember rule #1 and #2. Emoticons are like the poor man's tweet!

I'm not sure what to make of the market activity as a whole this morning. I do have some targeted thoughts:

1. Look at healthcare as an industry. The signal that Obamacare will end will ultimately be good for the entire industry. I'd pay close attention to insurers.

2. Watch out for companies that rely heavily on foreign manufacturing, like car companies. The long-term prospect of moving jobs back onshore should mean increased labor costs. A trade war, with increased tariffs on goods like cars, might be a real problem, too.

3. I still think there is enough uncertainty to make metals and mining a viable investment. Especially if the globalists use a Trump presidency to finally "resolve" the sovereign debt crisis, which I suspect they may.

4. My initial reaction says to invest in defense stocks, but I would actually be cautious here when I really put thought into it. The defense industry makings billions on weapon programs that never fully materialize. If Trump really is a smart negotiator, he'll start putting performance clauses into these contracts.

5. Energy has to be a win now, right? Run from alternate energy like it's a fast zombie coming to eat your brain. Those subsidies should dry up.

It is exporters who will be destroyed in a trade war. The vast majority of the products my company manufactures is exported overseas.

@bolobaby"I still think there is enough uncertainty to make metals and mining a viable investment. Especially if the globalists use a Trump presidency to finally "resolve" the sovereign debt crisis, which I suspect they may."

This is a real concern.

DOW at all time high this morning. Watching Fox Business and several interesting things. Prison stocks are up because Hitlery wanted to shut down private prisons and now they won't be run out of business. Apple Amazon, Facebook down slightly. Defense stocks, infrastructure and health insurers up again today. Some pundits unsure whether this Trump rally will continue due to the many economic issues.

Will there be a Santa Claus rally this year? Macy's and Kohls up today. There will be year end tax selling as there is every year. I well remember how the market dropped steeply last January.